regulatory
confidence high
sentiment negative
materiality 0.60
BIMI Holdings Inc.: Nasdaq/NYSE listing notice — BIMI receives Nasdaq non-compliance notice for late Q2 10-Q filing
BIMI Holdings Inc.
- Nasdaq notified BIMI on Aug 22, 2023, that failure to file Form 10-Q for period ended June 30, 2023 violates Listing Rule 5250(c)(1).
- Company has 60 calendar days to submit a plan to regain compliance; if accepted, Nasdaq may grant up to 180 days from due date to file.
- If plan not accepted, BIMI may appeal to a Nasdaq hearings panel. No immediate effect on listing.
- BIMI states it intends to resolve the deficiency and regain compliance.